STOCKWATCH: Luoyang Glass short-term consolidate; mid-term to rise

Luoyang Glass (1108) has gained a up-range over 100%. RSI reflects a serious over selling. With the stock being far from 10-day moving average line, technically it may face heavy consolidating pressure. It is suitable for short-term investors to take profit first. Range of retreating will be meagre as the stock is currently strong. Support stance at HK$1.2. Recommend to take appropriate absorption at the level as it may rise in the middle run.  

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